Peabody Energy Corporation (BTU)

Executive Summary

Peabody Energy is the largest U.S. coal producer and a globally diversified miner of both thermal (power-generation) coal and seaborne metallurgical (steelmaking) coal. It is also one of the more misunderstood securities in our coverage universe, and for good reason: this is a deeply cyclical, single-commodity producer in a thermal-coal industry that the consensus has left for dead, sitting on top of an Australian metallurgical-coal growth story that is real but arriving into the teeth of a met-coal down-cycle.

What’s Inside The Full Report

• 15-year financial summary table — revenue, net income, GAAP & adjusted EPS
• Valuation framework — current multiples vs. 5-year historical range
• Peer comparison table — multiples, margins, balance-sheet metrics
• Base case, bull case, bear case price targets with explicit math
• Competitive position and economic moat analysis
• Management and capital allocation track record
• Balance sheet review — leverage, credit ratings, distribution coverage
• Insider activity — recent open-market buys / sells with interpretation
• Strategic acquisitions and divestitures history
• Sell-side consensus and where TTCM differs
• Detailed risk factors specific to the name
• Bull case and forward catalysts to watch
• TTCM rating with explicit ADD / TRIM price triggers